Kaka Industries IPO

Kaka Industries IPO will open for subscription from 10 July 2023. the company aims for an issue size of ₹21.23 Cr through this IPO.

Company Overview

Full nameKaka Industries Limited
SectorPlastic Products
IndustryPlastic Products
Company Websitehttps://kakaprofile.com/

About Company

Incorporated in 2019, Kaka Industries manufactures polymer-based profiles for application in doors, windows, partitions, false ceilings, wall paneling, kitchen cabinets & other interior and exterior works. Its product portfolio has over 1200 SKUs covering PVC Profile, uPVC door & window profile, WPC profile & sheets in various sizes, specifications, and colors. The company is also engaged in the fabrication of factory-made PVC & Solid PVC doors. Except for WPC (Wood-polymer composite) profile and doors, all its products are non-wood based.

Kaka Industries markets its products through an extensive network of 300 dealers spread across over 20 States and Union Territories of India. Its distribution network comprises 3 depots situated in Gagilapur (Telangana), Dadri (Uttar Pradesh), and Surat (Gujarat).

The company has three manufacturing units in village Zak, Gandhinagar district, Gujarat, which have a combined installed capacity of 15,425 MT for manufacturing PVC profile, 2,995 MT for WPC profile & sheet, and 2,022 MT for uPVC door & window profile. It has a well-equipped laboratory, modern technology, and testing equipment with supporting environment and facilities, to ensure that the products conform with the desired quality.

The Objective of the Issue

  • To meet Working Capital requirements,
  • Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company,
  • General corporate purpose, and
  • To meet issue expenses.

IPO Timetable

IPO Opening date10 July 2023
IPO Closing12 July 2023
Basis of Allotment17 July 2023
Initiation Refund18 July 2023
Credit to Demat Account19 July 2023
Listing Date20 July 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹21.23 Cr – 3,660,000 shares
Fresh Issue₹21.23 Cr – 3,660,000 shares
Offer for saleNil
Face value₹10 per share
Price Band₹55 to ₹58 per share
Lot size2000 Shares
Listing ExchangeBSE SME

IPO Lot Size

Retail (Min)12000₹116,000
Retail (Max)12000₹116,000
HNI (Min)24,000₹232,000

Reservation Details

Anchor Investor Shares Offered
Market Maker Shares Offered192,000 (5.25%)
QIB Shares Offered1,732,000 (47.32%)
NII (HNI) Shares Offered522,000 (14.26%)
Retail Shares Offered1,214,000 (33.17%)
Total Shares Offered3,660,000 (100%)

Financial Performance

 FY 2021FY 2022FY 2023
Net income3.034.987.19
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio7.65 – 8.07
RONW (%)40.6840.0936.72
ROCE (%)19.6421.6220.83
EBITDA (%)7.688.178.49

Company Promoters

  • Rajesh Dhirubhai Gondaliya
  • Bhavin Rajeshbhai Gondaliya
  • Rajeshkumar Dhirubhai Gondaliya (HUF)

Promoter Holding

Pre Issue Share Holding95.32%
Post Issue Share Holding69.78%

Lead Manager(s)

904, A Wing, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai-400013, Maharashtra
+91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com

IPO Registrar

S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  ipo@bigshareonline.com
Website: www.bigshareonline.com

Contact Details

Plot No. 67, Bhagwati Nagar, Opp. Nilkanth Arcade,
Opp. Kathwada GIDC, Kuha-Kanbha Road, Ahmedabad-382415 Gujarat
Phone: +91-80004-46524
E-mail: investors@kakaprofile.com
Website: www.kakaprofile.com

Allotment Status

Kaka Industries IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Final thoughts

Kaka Industries IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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